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EC5005: PETROLEUM ECONOMICS AND PROJECT EVALUATION (2017-2018)

Last modified: 13 Feb 2017 15:45


Course Overview

This course will introduce students to key techniques from economics and finance allowing them to understand the business decision making relevant to the petroleum industry and decommissioning.  Students will learn how these principles help explain how investment and disinvestment decisions (such as cessation of production) are taken, how oil markets operate, and the government's role in setting environmental regulations and taxation allowances. 

Course Details

Study Type Postgraduate Level 5
Session First Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Old Aberdeen Sustained Study No
Co-ordinators
  • Professor Euan Phimister

What courses & programmes must have been taken before this course?

  • Any Postgraduate Programme (Studied)
  • Either Master Of Science In Decommissioning (Studied) or Master Of Science In Financial Mathematics (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

Are there a limited number of places available?

No

Course Description

This course will introduce students to key techniques from economics and finance allowing them to understand the business decision making relevant to the petroleum industry and decommissioning.  Students will learn how these principles help explain how investment and disinvestment decisions (such as cessation of production) are taken, how oil markets operate, and the government's role in setting environmental regulations and taxation allowances. 

Degree Programmes for which this Course is Prescribed

  • Master Of Science In Decommissioning

Contact Teaching Time

Sorry, we don't have that information available.

Teaching Breakdown


Assessment

Class Tests (20%); Written Examination (80%).

Resit: 2 hr written examination 100%.

Formative Assessment

None.

Feedback

Formative assessment feedback given through discussion in small group teaching

Summative assessment feedback given via written comments on submitted assessed work

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